hsba201403256k24.htm
FORM 6-K
 
SECURITIES AND EXCHANGE COMMISSION
 
Washington, D.C. 20549
 
 
 
Report of Foreign Private Issuer
 
Pursuant to Rule 13a - 16 or 15d - 16 of
 
the Securities Exchange Act of 1934
 
 
 
For the month of March
HSBC Holdings plc
 
42nd Floor, 8 Canada Square, London E14 5HQ, England
 
 
 
(Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F).
 
Form 20-F   X              Form 40-F ......
 
(Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934).
 
Yes.......          No    X
 
(If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- ..............).
 
 
 
 

Profit/(loss) before tax and balance sheet data - North America
 
 
2013
 
       Retail
   Banking
and Wealth
Management
        US$m
  
Commercial
  Banking53
US$m
  
      Global
   Banking
and
    Markets
        US$m
  
      Global
      Private
   Banking
        US$m
  
       Other
        US$m
                
        Inter-
   segment
elimination49
       US$m
  
         Total
        US$m
Profit/(loss) before tax
                          
                           
Net interest income ...............
3,483
  
1,430
  
582
  
195
  
89
  
(37)
  
5,742
                           
Net fee income ...................... ...........................................
605
  
593
  
741
  
125
  
79
  
−
  
2,143
                           
Trading income excluding net interest income ..................
48
  
40
  
613
  
19
  
7
  
−
  
727
Net interest income on trading activities ............................
11
  
1
  
172
  
−
  
−
  
37
  
221
                           
Net trading income44 ..............
59
  
41
  
785
  
19
  
7
  
37
  
948
                           
Changes in fair value of long-
term debt issued and related derivatives ..........................
−
  
-
  
-
  
-
  
(288)
  
-
  
(288)
Net income from other financial instruments designated at
fair value ............................
−
  
−
  
−
  
−
  
−
  
−
  
−
                           
Net expense from financial instruments designated at
fair value ............................
−
  
−
  
−
  
−
  
(288)
  
−
  
(288)
Gains less losses from
financial investments .........
4
  
−
  
282
  
−
  
8
  
−
  
294
Dividend income ....................
12
  
9
  
48
  
4
  
4
  
−
  
77
Net earned insurance premiums ...........................................
34
  
-
  
-
  
-
  
-
  
-
  
34
Other operating income/
(expense) ...........................
(454)
  
−
  
229
  
1
  
1,829
  
(1,713)
  
(108)
                           
Total operating income ......
3,743
  
2,073
  
2,667
  
344
  
1,728
  
(1,713)
  
8,842
                           
Net insurance claims50 ............
(39)
  
−
  
−
  
−
  
−
  
−
  
(39)
                           
Net operating income4 .......
3,704
  
2,073
  
2,667
  
344
  
1,728
  
(1,713)
  
8,803
                           
Loan impairment charges and other credit risk provisions . ...........................................
(950)
  
(223)
  
(20)
  
(4)
  
−
  
−
  
(1,197)
                           
Net operating income .........
2,754
  
1,850
  
2,647
  
340
  
1,728
  
(1,713)
  
7,606
                           
Total operating expenses .......
(2,960)
  
(1,096)
  
(1,718)
  
(283)
  
(2,072)
  
1,713
  
(6,416)
                           
Operating profit/(loss) .......
(206)
  
754
  
929
  
57
  
(344)
  
−
  
1,190
                           
Share of profit/(loss) in
associates and joint ventures ...........................................
(1)
  
32
  
−
  
−
  
−
  
−
  
31
                           
Profit/(loss) before tax .......
(207)
  
786
  
929
  
57
  
(344)
  
−
  
1,221
                           
 
               %
  
               %
  
               %
  
               %
  
                       %
      
               %
Share of HSBC's profit
before tax ...........................
            (0.9)
  
             3.5
  
             4.1
  
             0.3
  
            (1.6)
      
             5.4
Cost efficiency ratio ..............
           79.9
  
           52.9
  
           64.4
  
           82.3
  
         119.9
      
           72.9
                           
Balance sheet data40
                          
 
US$m
  
US$m
  
US$m
  
US$m
  
       US$m
      
US$m
Loans and advances to
customers (net)34  ...............
66,192
  
37,735
  
51,746
  
5,956
  
−
      
161,629
Total assets ............................
82,530
  
45,706
  
313,701
  
8,542
  
13,211
  
(31,655)
  
432,035
Customer accounts reported in:
                          
- customer accounts34 ........
53,600
  
49,225
  
79,799
  
13,871
  
−
      
196,495
 
 
 

 
 
Profit/(loss) before tax and balance sheet data - North America (continued)
 
 
2012
 
         Retail
      Banking
and Wealth
Management
         US$m
  
Commercial
    Banking53
        US$m
  
        Global
     Banking
and
     Markets
         US$m
  
        Global
       Private
     Banking
         US$m
  
         Other
         US$m
                
         Inter-
     segment
elimination49
        US$m
  
         Total
         US$m
Profit/(loss) before tax
                          
                           
Net interest income ...............
5,481
  
1,443
  
948
  
192
  
118
  
(65)
  
8,117
                           
Net fee income ...................... ...........................................
923
  
562
  
716
  
124
  
188
  
-
  
2,513
                           
Trading income/(expense) excluding net interest income ...........................................
(216)
  
47
  
466
  
20
  
16
  
-
  
333
Net interest income on trading activities ............................
17
  
1
  
91
  
-
  
-
  
65
  
174
                           
Net trading income/(expense)44 ...........................................
(199)
  
48
  
557
  
20
  
16
  
65
  
507
                           
Changes in fair value of long-
term debt issued and related derivatives ..........................
-
  
-
  
-
  
-
  
(1,219)
  
-
  
(1,219)
Net income from other financial instruments designated at
fair value ............................
-
  
-
  
-
  
-
  
-
  
-
  
-
                           
Net expense from financial instruments designated at
fair value ............................
-
  
-
  
-
  
-
  
(1,219)
  
-
  
(1,219)
Gains less losses from
financial investments .........
27
  
-
  
223
  
(7)
  
8
  
-
  
251
Dividend income ....................
15
  
11
  
32
  
3
  
-
  
-
  
61
Net earned insurance
premiums ...........................
193
  
-
  
-
  
-
  
-
  
-
  
193
Gains on disposal of US branch network and cards business ..
3,735
  
277
  
-
  
-
  
-
  
-
  
4,012
Other operating income .........
173
  
149
  
191
  
5
  
1,787
  
(1,899)
  
406
                           
Total operating income .........
10,348
  
2,490
  
2,667
  
337
  
898
  
(1,899)
  
14,841
                           
Net insurance claims50 ............
(148)
  
-
  
-
  
-
  
-
  
-
  
(148)
                           
Net operating income4 ...........
10,200
  
2,490
  
2,667
  
337
  
898
  
(1,899)
  
14,693
                           
Loan impairment (charges)/ recoveries and other
credit risk provisions .......... ...........................................
(3,241)
  
(148)
  
(71)
  
3
  
-
  
-
  
(3,457)
                           
Net operating income ............
6,959
  
2,342
  
2,596
  
340
  
898
  
(1,899)
  
11,236
                           
Total operating expenses .......
(3,966)
  
(1,144)
  
(1,639)
  
(268)
  
(3,822)
  
1,899
  
(8,940)
                           
Operating profit/(loss) ...........
2,993
  
1,198
  
957
  
72
  
(2,924)
  
-
  
2,296
                           
Share of profit in associates
and joint ventures ...............
2
  
1
  
-
  
-
  
-
  
-
  
3
                           
Profit/(loss) before tax ...........
2,995
  
1,199
  
957
  
72
  
(2,924)
  
-
  
2,299
                           
 
               %
  
              %
  
               %
  
               %
  
                        %
      
               %
Share of HSBC's profit
before tax ...........................
           14.5
  
            5.8
  
             4.6
  
             0.3
  
          (14.2)
      
           11.1
Cost efficiency ratio ..............
           38.9
  
          45.9
  
           61.5
  
           79.5
  
         425.6
      
           60.8
                           
Balance sheet data40
                          
 
US$m
  
US$m
  
US$m
  
US$m
  
        US$m
      
US$m
Loans and advances to
customers (net) ..................
76,414
  
36,387
  
22,498
  
5,457
  
-
      
140,756
Total assets ............................
101,103
  
48,604
  
345,040
  
8,828
  
12,659
  
(25,987)
  
490,247
Customer accounts reported in:
                          
- customer accounts ...........
57,758
  
48,080
  
29,595
  
13,553
  
51
      
149,037
 
 
For footnotes, see page 132.
 

 


 

 


 
 
 
SIGNATURE
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
 
HSBC Holdings plc
 
 
 
                                                       By:
 
                                                                                     Name: Ben J S Mathews
 
                                                                                                Title: Group Company Secretary
                     
                      
                                                                               Date: 25 March 2014